Problem Summary ————————————————— Invoice and Amount Wrongly Added to CIP Asset Solution: Summary: Reduce CIP Asset cost by Invoice Amount $386 Detailed Steps: 1) Reclassification of given invoices in AP(to create 1 positive and 1 […]
Net book value is the amount at which an organization records an asset in its accounting records. Net book value is calculated as the original cost of an asset, minus any accumulated depreciation, accumulated depletion, accumulated amortization, and […]
Depreciation is a common accounting concept that helps adjust the value of a deteriorating asset over time as it becomes less efficient. A business can depreciate an asset with an expected useful life of more […]
Oracle by default does not maintain future depreciation information (Accumulated or YTD) as depreciation could change as per cost adjustment, addition or asset retirement. Often there will be requirement to write a function or package […]
FA Multiple Reporting Currencies FAQ 1. When converting assets from a legacy system into an MRC enabled Depreciation Book, what exchange rate is used to convert the assets? A: When converting assets from a legacy […]
Important Accounting Dates for Fixed Assets There are three critical dates for each individual fixed asset. These dates establish when the asset was acquired, placed in service, and the start of depreciation. These three dates […]
FA_ADDITIONS_B FA_ADDITIONS_B contains descriptive information to help identify your assets. When adding an asset, Oracle Assets inserts a row into this table and into the FA_ASSET_HISTORY table. When changing the asset information stored in this […]
A) Remaining Life Of an Asset Based on Sysdate 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 […]
EBS’s Oracle Assets allows for the use of multiple asset registers, or asset books, and different types of book. In typical business scenario and to address the need to be able to hold asset in […]
Asset Trace or Single Asset Diagnostics Run the program “Generate Asset Trace” FA responsibility: Other > Requests > Run Generate Asset Trace It will span following two […]
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